. . . Benedict is also asking us to re-conceive the meaning of economic activity and economic logic; the study of “efficient use of scarce resources” is not realistic. There is “more” to economic relations than efficiency or utility. The “economy” allows for an exchange of goods between members of the human family; market exchanges are an integral part of human life and the common good of humanity. The logic of gift is not extraneous to the logic of the market; it rather opens the door to good economic analysis. . . (full text)